Latin America's Growth and Equity Frustrations during Structural Reforms

@inproceedings{Ocampo2004LatinAG,
  title={Latin America's Growth and Equity Frustrations during Structural Reforms},
  author={J. Ocampo},
  year={2004}
}
  • J. Ocampo
  • Published 2004
  • Economics, Computer Science
This paper argues that Latin America's market-oriented reforms, together with increased monetary and fiscal discipline, were successful in bringing down inflation, inducing export growth and diversification, and attracting foreign direct investment. Nonetheless, economic growth was frustratingly slow. Pro-cyclical macroeconomic policies generated, in turn, strong business cycles in the face of unstable access to international capital markets. Higher productivity in leading firms and sectors… Expand
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